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Getting the Most for Your Money: Auditing Your Employee Benefits Program

Where do you even begin when auditing your benefits program? Ensure you're seeking the right information for both a cost-effective and beneficial program.

Often too much attention is paid to an employer's medical plan, to the detriment of the other valuable offerings. This ondemand webinar will walk you through how to thoroughly review each of the medical and nonmedical benefits to be sure they are truly meaningful, cost effective, and in legal compliance. With the constant press and attention on healthcare and health insurance, it is important to review your benefits package as a whole package. Employers often focus on total rewards related to employment. The health and welfare benefit plan, in its entirety, is a large portion of a total rewards package. It extends well beyond just the health program. Making sure of the adequacy and value of this portion of total rewards is an invaluable exercise in the total rewards alignment with corporate values and culture. This ondemand webinar will serve as an exciting tutorial to help you be sure the benefit plans, and especially the costs, are in alignment with overall company budgets and objectives.

Runtime: 84 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Assessing Benefits Menu

Review of Core Benefits

  • Medical and Dental Plans
  • Life and AD&D Insurance
  • Short-Term and Long-Term Disability
  • Voluntary/Employee Paid Benefits
  • Other Nontraditional Benefits

Preparing a Request for Proposal

  • Collecting Data From Your Company
  • Asking for Data From Insurer/TPA
  • What to Expect From Carrier - What Can You Reasonably Expect/What Must You "Push" for

Evaluating Results

  • Start With Spreadsheet
  • Eliminate Outliers
  • How Much Information to Share With Incumbent Providers/Insurers

Making Final Decisions

  • Alignment With Corporate Objectives Regarding Level of Benefits and Funding
  • Are Benefits Adequate, Affordable and Meaningful
  • Can Carrier Demonstrate Their Commitment to Your Size and Your Account

Putting Your Program on Autopilot

  • How to Structure a 3-5 Year Sustainable Plan
  • When Should I Do the Next Comprehensive Review
  • Be Sure All Plans Comply With Not Only PPACA, but Also All Other Federal and State Laws
  • Review and Update Plan Documents and Communication Materials at Least Annually
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Joseph E. Ellis, Sr.

Joseph E. Ellis, Sr.

CBIZ, Inc.

  • Senior vice president with CBIZ, Inc.
  • Seasoned employee benefit consultant, health reform law (PPACA) specialist, on-site health clinic designer, and health risk management designer
  • Provides strategic advice and support on all aspects of employee benefit plans, from client needs analysis and plan design to implementation and administration
  • Coordinates and oversees renewal projections, RFP design and analysis, experience analysis, plan design strategy and modeling, compliance review and network review
  • Has a specialty in employee health risk management initiatives, on-site health centers, and value-based plan designs
  • In demand as an industry speaker and writer, he has addressed a variety of audiences including The Employers Council on Flexible Compensation and Unum Life Insurance Company’s National Brokers Conference, NFP Financial, the Association of Legal Administrators, Mid-Atlantic Employers Association and various other human resources, trade, and industry groups
  • Quoted in Reuters News, FoxBusiness.com, Philadelphia Business Journal, Entrepreneur.com, and many other publications
  • B.A. degree, LaSalle University
Zack Pace

Zack Pace

CBIZ, Inc.

  • Senior vice president with CBIZ, Inc.
  • Designs, implements and manages benefit packages that are highly effective at empowering their clients to attract and retain the top talent they need to outperform their competitors, while ensuring that the cost of their overall benefits program and its components are cost-effective
  • Worked closely with employers in introducing high deductible health plans with health savings accounts, implementing alternative funding techniques, wellness initiatives, and performing voluntary plan audits and redesigns
  • iWorkwell Subject Matter Expert since 2012
  • Written and spoken on many topics related to his areas of expertise
  • B.A. degree in managerial economics, Hampden-Sydney College
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
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  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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Product ID: 394237
Published 2014
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